The question of whether states can regulate what social media companies allow on their platforms is on its way to the Supreme Court.
Driving the news: Florida filed a brief Wednesday asking the U.S. Supreme Court to reverse a decision against its controversial social media law after the U.S. Court of Appeals for the 11th Circuit struck it down in May, deeming it unconstitutional.
Jesse Powell is stepping down as CEO of prominent U.S.-based crypto exchange, Kraken. As the company's largest shareholder, he will continue to serve as Chairman of the Board, the Wall Street Journal reported.
Why it matters: Founded in 2011, Kraken is one of the longest running exchanges, currently ranked fourth for volume on CoinMarketCap. Bloomberg recently reported it had a $10 billion valuation.
Although only half of Americans know what spatial audio is, the next-generation surround technology is more popular among younger people, a new survey finds.
The big picture: Roughly 80% of Gen Z consumers would be willing to pay more for their next pair of headphones if it supports the technology, according to a survey by Agora, which offers tools to include real-time audio and video within other applications.
As Meta shapes its antitrust defense, it has begun pointing out its plummeting stock price as a sign that competition is alive and well in its market.
Driving the news: Meta’s market value is down by more than 60% since the spring. It has lost ground to its surging rival TikTok, and its revenue has been curtailed by Apple's iOS privacy changes.
Despite increasing company budgets for cybersecurity, ransomware attacks still affected nine in 10 U.S., U.K. and Canadian organizations in the last year.
Driving the news: Cybersecurity company SpyCloud released a report today based on a survey of 310 IT professionals at organizations with at least 500 employees. The survey was conducted between September 2021 and August 2022.
No matter how confusing it gets to refer to the same Russian hacker group by a handful of different names — Cozy Bear, Nobelium, APT29 and so on — don't expect the private companies behind those monikers to give them up anytime soon.
The big picture: Naming conventions for state-backed hacking groups vary from technical, advanced persistent threat (APT) group numbers to whimsical, animal-based names, making it difficult for people outside of cybersecurity research to understand which hackers do what.
India's largest crypto exchange is following Binance out of some dollar-pegged stablecoins, further tilting the tables toward the BUSD token.
Driving the news: The exchange, WazirX, on Monday said it already stopped taking new deposits denominated in USDC, USDP, and TUSD — the dollar-pegged stablecoins from Circle, Paxos, and True. And any existing deposits would soon be auto-converted to Binance's namesake stablecoin.
Slack is announcing Tuesday a new collaborative feature dubbed canvas, built on Salesforce's Quip technology, marking the first major technology integration since Slack was acquired by Salesforce last year.
Why it matters: Slack has already been trying to supplant other forms of business communication, including chat and e-mail, and now it's trying to take on tasks previously handled by productivity tools such as Google Docs and Microsoft Office.
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